The Basics: Boring and badly dressed Hathaway goes to work for the most awesome boss ever and gets lots of cool outfits in the process. Then she whines about how it's corroding her soul. Well, guess what? You work for the biggest fashion magazine in the world in a job that other people would kill to have. Shut up and get back to work.

What's the Deal? Streep, as the boss, eats this movie for breakfast and doesn't even have to raise her voice. In fact, if it weren't for the typical, barfy, "everyone has to learn a lesson" plot stuff that gets stuck in at halftime, it would be funny from start to finish, thanks to her.

Ladies Must Behave: That second half is about how women have to make choices. They can be successful and powerful and feared, or they can have love and family and friends. But not both. Streep's boss character becomes a cautionary tale. And that's the moral. You think anyone wrings their hands over Donald Trump like this? In fact, do you think anyone has the nerve to tell Anna Wintour (the Vogue editor in chief on whom Streep's character is based) that she's wasted her life on things that don't really matter? I'd like to be there when that happens, to see Wintour shred 'em.

Cool Moment: When Streep tells Hathaway the fashion history of the ugly sweater she's wearing. It's a cold slap in the face to people who dismiss clothes as something less than art. People who wear Dockers. You know who you are.

You Should Read a Book: Before Wintour, Diana Vreeland held the Vogue throne, and her book, D.V., is a must-read for anyone interested in how to be cooler than just about everyone. There's also Front Row, a funny and mean look at the real Wintour that'll still leave you on her side.

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